India’s fiscal deficit hit 9.8 trillion rupees in April-November, 62.3% of the yearly estimate, with net tax receipts at 13.9 trillion rupees and capital expenditure at 6.6 trillion rupees.
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India’s fiscal deficit in April-November was 9.8 trillion rupees ($109.09 billion) or 62.3% of the estimate for the financial year ending March 31, government data showed on Wednesday.
India has set the fiscal deficit target for 2025/26 at 4.4% of the GDP, or 15.7 trillion rupees.
India has set the fiscal deficit target for 2025/26 at 4.4% of the GDP, or 15.7 trillion rupees.
Key Numbers
- Net tax receipts at 13.9 trillion rupees, down from 14.4 trillion rupees collected in the same period a year ago.
- Non-tax revenue at 5.2 trillion rupees compared with 4.3 trillion rupees a year ago.
- Total government expenditure at 29.3 trillion rupees compared with 27.4 trillion rupees a year earlier.
- Capital expenditure, or spending on building physical infrastructure, at 6.6 trillion rupees against 5.1 trillion rupees a year ago.
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